Beretta Only

Tuesday, December 24, 2019

How Arizona Hard Money Loans and Rotten Credit Work Together

Receiving loans can be extremely difficult if you live in a precarious financial situation or have a history of bad credit. Fortunately, there are alternative options for people in need of financial help when a bank isn’t the answer.

When working with a bank, many requirements may stand between you and your loan. Credit score, income, debt, and current loans are a few things that may make borrowing difficult. Banks are traditional, public lenders that evaluate past financial performance before agreeing to a loan. Requiring good credit ensures them that their borrowers are capable of making deadlines on a strict repayment period. However, not all people in every financial situation meet banking standards, and there are alternative options funded by private investors for those in need of financial aid but can’t receive it traditionally.

Arizona Hard Money Lenders are often recommended to people who don’t meet bank standards. Instead of zeroing in on personal finances, Arizona Hard Money Lenders first consider the value of the property. Possible collateral is seen as a way to evaluate the loan’s profit and potential. While Arizona Hard Money Lenders will look at your credit score, it won’t be the determining factor of the loan. An appraisal of the property will determine the LTV, or the loan-to-value ratio. It’s possible to get as much as 75% from a hard money lender.

Arizona Hard Money Lenders consist of private companies and investors. By taking a chance on someone with less than superb credit, they are taking somewhat of a risk. It is because of this that they require high interest rates. Rates can be as high as 10 percent, and sometimes there are fees within the loan agreement.

Benefits of Hard Money Eligibility

Being able to acquire Arizona Hard Money Loans can be the difference between obtaining the winning bid on a property, or saving a home and preventing foreclosure. People who use Arizona Hard Money Loans usually need to act fast. They usually consist of fixer uppers and households. Sometimes lenders are able to lend as soon as the day of—this beats the loan process for banks who, in addition to a selective process, may only be able to lend money a month or more after the loan proposal.

How to Know if Hard Money Loan is a Win-Win Solution for You and Your Lender

Drawbacks of Arizona Hard Money Loans are the high fees and interest rates. Immediately, that may pose a question to people not on solid financial ground. Because of this, it is important to read over the terms of your loan agreement and seriously consider any additional fees. Real estate attorneys can be helpful in this process, providing advice and recommendations. Researching your lender is also important, because it is not uncommon for predatory characters to try to take advantage of people in these scenarios. Investing in a real estate attorney can help ensure the legitimacy of your agency, but also help you to understand the logistics of all the involved fees and terms of the loan. Starting off by finding a lender in your area can come down to a basic search of local lenders, if you believe they are the right decision for you.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
© 2019 Level 4 Funding LLC. All Rights Reserved.

Monday, December 23, 2019

Risks of Arizona Hard Money Lenders

Private Lending companies and investors seem like great options when your credit history won’t allow you to receive an unconventional loan. However, there are a few caveats you should be aware of so you know if you are making the choice that’s best for you.

Arizona Hard Money Lenders are untraditional financing options. Usually people are referred to these types of investors after a rejection from the bank. They can usually offer these three things: a flexible relationship, proposal acceptance, and speed.

A flexible relationship and proposal is almost guaranteed. Because they can accept people based on value of the property, they are less concerned with your personal financial history. Banks typically have high standards regarding credit score and income, and they like someone experienced with a strong portfolio if they money is for something like a fixer upper. If you can’t get approved for a loan by the bank, you will likely be approved by an alternative lender. In addition to flexibility, alternative lenders can also provide transparency within the relationship.

Speed is something else Arizona Hard Money Lenders can offer that banks do not. While banks may take as long as a month or more to begin the process, private investors can usually begin the process within the week—if not the same day. This is an attractive advantage for people who are competing for property or need to prevent a foreclosure fast. Sometimes, the difference between success can boil down to the timeline.

Things to Consider about Arizona Hard Money Loans

Arizona Hard Money Loans are unlike other loans because of their high interest rates and quick repayment period. These types of loans usually do not work well for somebody who will need more time to repay the loan. Fixer uppers typically find Arizona Hard Money Loans affordable, and are able to utilize the money from the sale to repay the loan fast. If you need the loan for a long-term rental property, Arizona Hard Money Loans are probably not ideal for you. The short repayment period owed to the lender is immediately contrasted with the money you would be collecting from rent, long-term. Considering where you are relying on the money for repayment is really important, especially if there’s a process involved with the purchase of your land—something as small as even finding a renter can factor into this decision.

Evaluating Personal Circumstances

On first glance, Arizona Hard Money Lenders seem like great options. With individualization and flexibility, they offer what a lot of banks can’t and more. However, when pursuing a hard money loan, it is important to put in the research. What kind of plans are you making and how does repayment fit into it? What are your goals for the property and what kind of timeframe does it operate on? With Arizona Hard Money Loans, it’s also important to consider the legitimacy of the source—are they reputable? What kind of terms and fees are within their list of agreements? If you need help analyzing your personal financial situation, real estate attorneys can provide a helping hand to determine if this is the right choice for you.

Sunday, December 22, 2019

Why Are Owner-Occupied Arizona Hard Money Lenders So Hard to Come By?

There are many Arizona Hard Money Lenders out there, but only some of them are owner-occupied hard money lenders. Read on to find out why this is and what you can do about it.

You’ve probably seen a ton of Arizona Hard Money Lenders that lend for residential and commercial properties. In research, you might notice that Arizona Hard Money Lenders that lend for owner-occupied properties are few and far between. But, why?

Compared to other types of loans, owner-occupied loans are more difficult for hard money lenders. Residential and commercial real estate loans have fewer restrictions than owner-occupied loans, making them easier for lenders to process and approve. These traditional Arizona Hard Money Loans can be approved very quickly and without the need for good credit or loan histories, giving them clear appeal.

Owner-occupied homes require much more work due to state regulations. When a borrower offers up his home as collateral for a hard money loan, he is giving the lender control over the property until the loan is paid back. If the loan is not paid back in time, the lender has the ability to take the property. Clearly, this poses a conflict if the home owner is occupying the property. In an effort to protect home owners from hard money lenders, states have put rules in place to make this process more secure.

Owner-occupied Arizona Hard Money Lenders must place applications for these types of loans under higher levels of scrutiny. The state and federal governments have rules in place that require lenders get specialized licenses to lend owner-occupied loans. Lenders also must be more detailed in their analysis and approval process than they might for other types of Arizona Hard Money Loans based on governmental regulations. It can be easier for lenders to simply not offer owner-occupied loans than to go through the processes of getting the correct licenses and having to go through borrowers’ information very carefully.

How Can I Get My Owner-Occupied Loan?

The key to getting your owner-occupied loan is to be able to prove you can make your loan payments. It’s important for lenders to be sure you can verify your ability to pay the loan before they will lend to you. Knowing information about your loan going in can make it easier to get just because you won’t have any surprises. For example, knowing your loan amortization is important. With hard money lender Level 4 Funding, your loan will be fully amortized over 30 years, allowing you to pay in smaller amounts over time.

Search for an owner-occupied money lender near you.

Although there aren’t too many owner-occupied Arizona Hard Money Lenders out there, they aren’t impossible to find. Level 4 Funding, for example, is approved to lend owner-occupied real estate loans and they even offer great benefits for borrowers. Low rates are available, there is the potential for 100 LTV financing, and they have no pre-payment penalties on their loans. For anyone looking for an owner-occupied loan, consider Level 4 Funding.

Saturday, December 21, 2019

Spec Home Investors Versus Flippers: Which Should You Be?

There is money in real estate just waiting to be made, but should you pick the side of flippers or spec home investors? Read on to discover the pros and cons of each and choose the investment that’s right for you.

Looking to make an investment in real estate? Good move. Real estate is an excellent venture that can be a source of income for years. Just two forms of real estate investment are spec home investments and flipping. Spec home investment involves building a home with the intent to put it on the market, and flipping is purchasing and renovating a home to rent or sell. Both can be excellent enterprises, as there is good money in real estate. Each option allows you to customize homes based on current design trends making them likely to sell if they’re priced right, but each also has its advantages and disadvantages. Figure out which investment is right for you based on the pros and cons of spec home investing and flipping.

Spec Home Investments

Pros

· Spec home investors can make great money

· It’s a unique business, so competition is low compared to flipping

· Rather than changing an existing house, building new allows spec home investors to start totally fresh

· New homes may have more appeal to customers who want their exterior and interior design to match, which might not be an option with a flipped home

Cons

· Spec home investors must buy the lot they’re going to build on in addition to building the house, which can be pricy depending on the lot location and size

· You must work with many contractors to build your home to ensure a quality build, which could get complicated

· Before hiring a contractor, you need to review as many as you can to ensure you get the best deal on the best work

Flipping

Pros

· In some cases, flipping an existing home can be less expensive than building a new one

· Flippers are able to show off their creativity and take pride in seeing spaces in new ways

· Flipped homes offer the possibility of making money quickly

Cons

· Unforeseen repairs are almost guaranteed when working with real estate, which can add to your costs

· You must work with what you have, even if what you have is a house in shambles

· Holding costs can be costly and bothersome

So, which is better?

Neither spec home investors or flippers are necessarily better than the other. One group may make more money in a specific region, but it all depends on the local market, cost of living, and a ton of other factors. The one that is better for you is the one that works best for your lifestyle.

You don’t have to choose one or the other.

Both spec home investing and flipping can be lucrative moves in real estate and can be taken advantage of by anyone with the money. If you’re low on funds, you can apply for an investment loan from a private money lender like Level 4 Funding. Level 4 Funding specifically offers rental property/investment loans and Arizona Fix and Flip Loans, which can help you realize your real estate goals and get you on the road to profit.

Friday, December 20, 2019

How to Become a Millionaire with Rental Property Loans

Real estate is an extremely lucrative industry. Learn how taking out Arizona rental property loans can get you on the path to real estate success.

Ready to get into the rental property business? If you need some funds to start you off, Arizona rental property loans with Level 4 Funding could be just what you’re looking for. Rental properties can make you a great deal of money, so taking out a rental loan to start your business is a step in the right direction. Here’s how rental properties can add thousands to your bank account.

Monthly Rent

The most obvious benefit of rental properties: the rent! Depending on the size, location, and quality of your rental property, you could make a pretty penny on the rent alone. If you price it right, you can use the rent to pay utilities for your property and be able to keep some nice change for yourself.

Flipping

While it’s less work to buy a property that’s already great, it can be worth your while to buy a less expensive home and renovate it. Investing in a property that needs some work can have a major pay off, as the décor and renovation costs are all up to your discretion. You can do as much or as little renovation as you would like, and you can choose interior design elements that work for your budget. By flipping wisely, you can greatly raise the value of your property.

Appreciation

Selling your rental property at a strategic time can give you a lot of money due to appreciation. As time passes, your property can grow in value, allowing you to sell it for more money in the future. This works especially well if you’ve flipped it. If you watch the real estate market, you can strategize and sell your property at a time when you will get the most for it. Then, if you’re not ready to leave the rental property business, you can invest the money into another property.

The Financial Benefits of Taking Out Arizona Rental Property Loans

Some might be worried about taking out a loan, but rental properties will pay for themselves in time. Getting a loan to begin your business and purchase a property can be extremely helpful if you don’t have as much money as you need to buy it yourself. As your business grows, your real estate revenue will help you pay back your loan in no time.

Apply for a rental property loan and start your journey toward real estate success

The lenders at Level 4 Funding are there to address your questions and concerns and help you on your professional journey. Arizona rental property loans could be the way to achieve your rental property dreams. Apply now and see if a rental loan is right for you.

Wednesday, December 18, 2019

How to Get the Loan You Want Using Arizona Private Money Lenders

Struggling to get a loan from a bank? Arizona Private Money Lenders can be much more flexible in their loan process, meaning less stress for you.

Private Arizona Hard Money Lenders can take away the hassle traditionally associated with loans. Banks can make you jump through hoops with their complicated application processes and have you prepare heaps of financial information, while private lenders make the process much simpler. With that being said, it’s still important to make some preparations before applying for a loan with a private lender.

Before you apply for your loan, you should identify the specific type of loan you want. Money lenders offer many different loan options like rental or investment property loans, Arizona Fix and Flip Loans, business loans, and construction loans, among others. Research different loan options and find out which one is appropriate for your situation. Approach your hard money lender with the type of loan you want in mind to make the process easier and smoother.

One of the most important elements to private lenders is collateral. Banks make decisions about loans based on financial history, while Arizona Private Money Lenders base their loans on collateral. In exchange for your loan, you offer collateral to your private money lender until your loan is paid off. This allows for a less complicated and restrictive loan process that you can’t get at a bank. For collateral, you could offer a property you already own or the property you want to purchase with your loan.

Once you’ve identified your collateral, you should think about the loan strategy you’d like to aim for. Unlike many banks, you can negotiate the terms of your loan with Arizona Private Money Lenders. Lenders are able to work with you to make the most appropriate plan for your personal situation and your specific loan, as opposed to banks who can treat each customer the same as the last. Strict corporate policies can leave bankers with their hands tied, even if they want to help you. Arizona Private Money Lenders can work with you to give you what you need, so it’s wise to come in with some goals for your loan strategy like desired length and payment plan.

Arizona Private Money Lenders Make Loans Easy

Loan applications with banks can give you headaches, but this is not the case with Arizona Private Money Lenders. Bank loans can take so long to get approved just because of all the information they must go through. On the other hand, Arizona Hard Money Lenders care more about your collateral than your finances. If you have good collateral, it is likely your loan will be approved. Even if your credit is poor, you will still have a chance of getting a loan, which can be unlikely with banks.

Choose Level 4 Funding for your Arizona hard money loan.

If you’ve decided you want to go through a private lender for your loan, consider choosing Level 4 Funding. This private hard money lender offers many types of loans and will be there for you when you need them most. Visit their website Level 4 Funding.com to see if their services are right for you.

Beretta Only

Tuesday, December 24, 2019

How Arizona Hard Money Loans and Rotten Credit Work Together

Benefits of Hard Money Eligibility

How to Know if Hard Money Loan is a Win-Win Solution for You and Your Lender

Monday, December 23, 2019

Risks of Arizona Hard Money Lenders

Things to Consider about Arizona Hard Money Loans

Evaluating Personal Circumstances

Sunday, December 22, 2019

Why Are Owner-Occupied Arizona Hard Money Lenders So Hard to Come By?

There are many Arizona Hard Money Lenders out there, but only some of them are owner-occupied hard money lenders. Read on to find out why this is and what you can do about it.

How Can I Get My Owner-Occupied Loan?

Search for an owner-occupied money lender near you.

Saturday, December 21, 2019

Spec Home Investors Versus Flippers: Which Should You Be?

There is money in real estate just waiting to be made, but should you pick the side of flippers or spec home investors? Read on to discover the pros and cons of each and choose the investment that’s right for you.

Spec Home Investments

Pros

Cons

Flipping

Pros

Cons

You don’t have to choose one or the other.

Friday, December 20, 2019

How to Become a Millionaire with Rental Property Loans

Real estate is an extremely lucrative industry. Learn how taking out Arizona rental property loans can get you on the path to real estate success.

Monthly Rent

Flipping

Appreciation

Apply for a rental property loan and start your journey toward real estate success

Wednesday, December 18, 2019

How to Get the Loan You Want Using Arizona Private Money Lenders

Struggling to get a loan from a bank? Arizona Private Money Lenders can be much more flexible in their loan process, meaning less stress for you.

Arizona Private Money Lenders Make Loans Easy

Choose Level 4 Funding for your Arizona hard money loan.

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